Wednesday, 5 July 2017

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 05 JULY 2017

CPO trading range for the day is 479-488.6. Crude palm oil ended with losses tracking weakness in spot demand and overseas prices. Palm oil shipments from Malaysia fell 8.9% for the full month of June from the previous month, according to data from cargo surveyor.Due to lower prices this season, the imports of palm oil have been higher by 12 lt to 72 lt in 2017. Crude palm oil prices in spot market dropped by 0.30 rupees and settled at 495.70 rupees.